Shares of Invesco Ltd. (NYSE:IVZ – Get Free Report) have been given an average recommendation of “Hold” by the twelve brokerages that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $18.63.
Several research firms have recently commented on IVZ. Wells Fargo & Company raised their target price on shares of Invesco from $16.50 to $17.50 and gave the stock an “underweight” rating in a research note on Wednesday, October 23rd. Barclays upped their price target on Invesco from $18.00 to $19.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 23rd. Morgan Stanley lifted their target price on shares of Invesco from $16.00 to $17.00 and gave the stock an “equal weight” rating in a research report on Friday, October 18th. StockNews.com upgraded Invesco from a “sell” rating to a “hold” rating in a research report on Friday, October 18th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Invesco from $17.00 to $20.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st.
Read Our Latest Analysis on IVZ
Invesco Stock Up 0.3 %
Invesco (NYSE:IVZ – Get Free Report) last posted its earnings results on Tuesday, October 22nd. The asset manager reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.01. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. Invesco had a positive return on equity of 8.83% and a negative net margin of 3.00%. Invesco’s revenue was down 20.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.35 EPS. As a group, analysts forecast that Invesco will post 1.69 earnings per share for the current fiscal year.
Invesco Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Thursday, November 14th will be paid a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a dividend yield of 4.62%. The ex-dividend date of this dividend is Thursday, November 14th. Invesco’s dividend payout ratio (DPR) is presently -89.13%.
Institutional Trading of Invesco
Hedge funds have recently modified their holdings of the company. Russell Investments Group Ltd. increased its stake in Invesco by 152.4% during the 1st quarter. Russell Investments Group Ltd. now owns 54,637 shares of the asset manager’s stock worth $906,000 after purchasing an additional 32,989 shares in the last quarter. O Shaughnessy Asset Management LLC raised its holdings in shares of Invesco by 33.8% during the first quarter. O Shaughnessy Asset Management LLC now owns 31,543 shares of the asset manager’s stock worth $523,000 after acquiring an additional 7,966 shares during the period. CANADA LIFE ASSURANCE Co raised its holdings in shares of Invesco by 6.2% during the first quarter. CANADA LIFE ASSURANCE Co now owns 133,700 shares of the asset manager’s stock worth $2,219,000 after acquiring an additional 7,858 shares during the period. Advisors Asset Management Inc. lifted its position in Invesco by 77.6% in the 1st quarter. Advisors Asset Management Inc. now owns 11,431 shares of the asset manager’s stock valued at $190,000 after acquiring an additional 4,995 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in Invesco by 4.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,497,405 shares of the asset manager’s stock worth $24,843,000 after purchasing an additional 58,332 shares during the period. 66.09% of the stock is currently owned by institutional investors and hedge funds.
Invesco Company Profile
Invesco Ltd. is a publicly owned investment manager. The firm provides its services to retail clients, institutional clients, high-net worth clients, public entities, corporations, unions, non-profit organizations, endowments, foundations, pension funds, financial institutions, and sovereign wealth funds.
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